Fundamentals:
Nu Holdings Ltd is a Brazil-based company that provides a digital banking platform.
The company is doing ok. It does not meet all my parameters, but it is ok.
Earnings come out tomorrow. I will be strict with stops.
Technicals:
Daily:
cup-with-handle pattern
5EMAs pb with MACD
Weekly:
shallow pb buy signal
uHd
Comment:
buy signal is...
If you haven`t bought NU before the previous earnings:
Then analyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week,
I would consider purchasing the 11.50usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $0.67.
If these options prove to be profitable prior to the earnings...
Nu Holdings is a Brazilian fintech that doubled its revenue last quarter. Some trend followers may see opportunity in its current setup following a significant run.
The first pattern on today’s chart is the $10.50 level where NU peaked in mid-February. The stock pulled back to test that level in mid-April and bounced. Has old resistance become new...
Nubank is priced as the 3rd largest company in Brazil by market capitalization, which is insane, plus the RSI is extremely overbought on the daily and weekly chart.
Im currently long with my stop loss in place highlighted by the red zone not level thats my tp
of which if it breaks the red zone im looking for a retest of sorts then short till the second target
and following that arrow back long to my tp level if it breaks tp im going to stock around and update my potential targets but NYSE:NU looks
Possible parallel channel break out.
- 1.618 Fib Ext & Channel target is $8.51 to $9.13
- Plucked positions at green circles for long term hold
- RSI continues to rise
- Above 200 day SMA (same as 40 week SMA)
- Failure to break above (which is very possible) will only lead me to make
another allocation on RSI trend line retest.
NUBANK Fundamentals look...
NUBank - NYSE:NU
⚠️We already lost the 21 SMA
✅Raised my stop to $7.55
Good news is we have POC under price and we had two touch downs to the $7.70 level. IMO if we lose these both, the diagonal line too will be lost too & id rather get some of the position off the table.
I still think we can bounce and go higher with a wave 5 extension higher. You could...
NUBANK - NYSE:NU
A beautiful case of Technical Analysis providing all the structures for a winning trade. First shared this idea earlier in the year. It was just an idea....now we are almost 100% up.
Surpassed 90% return on this trade since taking up positions in June 2022 and again in Jan 2023.
I sold a portion in Aug 2023 with a breach of the 21 day SMA...
NU has been added as a new position to our portfolio (8.5% of equity).
The trade has been opened as the price took out Friday's high. This is a pullback entry and a low risk trade. The SL can be set at the 50d MA or at Friday's low for swing traders.
NU shows a strong relative IBD strength and the stock hass been recently oversold.
NU is a holding of Cathy...
NYSE:NU
Nubank, a crypto-friendly Brazilian bank owned by Nu Holdings, has proven to be a lucrative investment for Warren Buffett's Berkshire Hathaway, which has seen a 93% gain on its Nubank stock this year, making it the best performer in Berkshire's portfolio. Despite some of Berkshire's other key investments like Coca-Cola and Kraft Heinz showing declines,...
From zetalon.com
Nubank is a significant player in the fast-growing neobanking sector, currently valued at $96.14 billion and expected to reach $2,048.53 billion by 2030. The Sao Paulo-based neobank has over 85 million customers across Latin America, with a strong financial outlook bolstered by significant investments, including from Warren Buffett's Berkshire...
NEWS:
JPMorgan Names Nu Holdings as Top Pick Among Brazilian Banks
Summary:
JPMorgan has upgraded its rating for Nu Holdings from "Neutral" to "Overweight," setting a $9 price target. The firm cites Nu's strong market position in Brazil, high returns, and adaptability as key reasons for the positive outlook.
JPMorgan's New Rating and Price Target
Upgrade to...
Analyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week,
I would consider purchasing the 9usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $0.12.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
Just updating an earlier trading idea. The 1st target profit has just been hit.
Trends are powerful. They require a lot of effort to be reversed. The odds are this one will continue.
However, after the breakout and confirmed transition into a confirmed uptrend, this market is now trading against an area where bearish pressure is likely to step in and interrupt...
Warren Buffett is famous for his investments, which he makes right at very bottom, and then holds them for many years and stocks bring him > 1000%!
There is a high probability that history will repeat it self with this cryptocurrency bank, in which he invested $ 1 billion a couple of years ago.
In fact, this is the only bet on the cryptocurrency of an elderly...
🔹Horizontal trend channel in the medium long term is broken up.
🔹RSI is above 70 after a good price increase the past weeks..
🔹The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB...
